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Railroads

Perverse Incentives Have Ruined America’s Railroads

Thomas Malthouse
Thomas Malthouse explores the skewed financial models that lead American railroads to underinvest in maintenance and profitable expansion, producing delays, derailments, and environmental catastrophes such as those that occurred in East Palestine, Ohio, in 2023.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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